Pennsylvania Drilling Tax Unlikely In 2011, Scarnati Says

By Brad Bumsted

HARRISBURG — It’s unlikely lawmakers will tax the extraction of natural gas from the Marcellus shale formation in the 2011 budget, Senate President Pro Tempore Joe Scarnati said Tuesday.

Gov. Ed Rendell is pushing the tax as a way to help close a $1.3 billion deficit expected by June 30. But Scarnati, the lieutenant governor, said although such a tax probably is inevitable, the Legislature isn’t prepared to pass it immediately. He cited issues that must be explored, ranging from potential local government regulations and eminent domain to taxation policies on other natural resources such as coal. Read original article here

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One Comment

  1. Anonymous says:

    By time they tax them it’ll be too late

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